Word: williamses
(lookup in dictionary)
(lookup stats)
Dates: during 1960-1969
Sort By: most recent first
(reverse)
The other division, Freedom Foods, operates two supermarkets in the black community employing approximately 125 workers. The company purchased the two markets from Purity-Supreme and buys central management services at cost from the Purity chain. The stores sell goods at competitive supermarket prices about equivalent to Purity's, the...
The discriminatory employment practices of white businesses and limited opportunity in black enterprises resulted in a peculiar pattern of occupational preferences stressing anything but business -- medicine, law, teaching, and the ministry. Williams emphasized the desparate need in the ghetto for "the success image provided for the kids in school" by...
The know-how attained, money remains the other obstacle for black business. A Roxbury businessman, encountering difficulty collecting collateral for a bank loan, asked Williams for backing. Freedom Industries sold him old supermarket shelving, refrigerators, and cases at $1000, and the bank, accepting his acquisition as collateral equal to $9000...
The seed money for Freedom Industries itself was provided in part by Williams and in part by an unidentified private individual, who bought stock in the venture. To set up the electronics plant, Freedom Industries borowed $35,000 from the Economic Development Administration under the Department of Commerce. Freedom Industries...
Money remains a constant problem. The company has had to be very "execute oriented," according to Williams. Parlaying for contacts, inventing new ways to utilize manpower--constant activity is necessary. "It's a gamble to stay ahead of the payroll," Williams said. "So far we have."